Category Archives: Property Taxes

Mortgage Unpaid

Today TaxMama® hears from GADS in the TaxQuips Forum, with this issue that I probably should not make public: “A 2 family house has been rented for the last 5 years. Both units are rented. The owner stopped paying the mortgage 18 months ago. He still is collecting rents and reporting them on Schedule E. […]

House-Related Deductions

Today TaxMama® hears from bhusler28 in the TaxQuips Forum with a good question. “I recently got divorced. Right now the deed is in my name, but the loan is in both my ex-husband’s name and my name.buy veklury online www.mydentalplace.com/wp-content/languages/new/generic/veklury.html no prescription When we file our taxes, we are unsure as to who gets to […]

Property Taxes and Trusts

Today TaxMama® hears from Lee in the TaxQuips Forum who wants clarification. “Are property taxes lower when a house is in a trust?” 

Property Tax Surprise

Today TaxMama® hears from Tony in the TaxQuips Forum with an odd problem. (Here’s the short version – read the long version on the site.) “He just got a notice that his home is about to be sold because the property taxes haven’t been paid on it. He’s never gotten the invoices – they have […]

HUD 1

Today TaxMama hears from Craig in the TaxQuips Forum, who asks.buy premarin Canada https://langleyrx.com/premarin.html no prescription “Are items on a HUD-1 (seller’s side), Lines 510-519, deductible by the seller as taxes paid on Schedule A or are they adjustments to the basis?”

Property Tax For NonItemizers

Today TaxMama hears from Sethu in the TaxQuips Forum, who is angry.http://pmilv.com/wp-content/languages/new/albuterol.html “For the 2009 tax year the non-itemizers (those who used standard deduction) could add up to $1,000 to their regular standard deduction if they paid real estate taxes greater than $1,000. I do not see that provision for the tax year 2010. When […]

Deducting Property Taxes

Today TaxMama hears from Karen in the TaxQuips Forum who needs to settle an issue. “My husband and his brother jointly own a second home (both names are on the title).https://mannadew.co.uk/wp-content/languages/new/remdesivir.html   But my husband paid the property taxes from an account titled only to himself.https://mannadew.co.uk/wp-content/languages/new/orlistat.html  Can both my husband and his brother claim 50% […]